Great Deal: Buy IHG Points With A 100% Bonus

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IHG Rewards Club is offering a bonus on purchased points this week, valid through September 30, 2016. Through this offer, IHG Rewards Club is offering a 100% bonus on purchased points, which is as good as their offers get.

ihg-bonus

Unlike some past promotions, you get the 100% bonus no matter how many points you buy, whether it’s 1,000 or 60,000 (in the past there were often minimum thresholds to get the 100% bonus).

If you max out this promotion and purchase 60,000 points you’d end up paying $690 and would get a total of 120,000 IHG Rewards Club points.

Buy-IHG-Points-1

That’s a rate of 0.575 cents per IHG Rewards Club point.

Also keep in mind that if you have the IHG® Rewards Club Select Credit Card you get a 10% refund on award redemptions, up to 100,000 points back each year. That means for the first million points you redeem each year you get a 10% discount.

IHG-Rebate

To do the math slightly differently, the cost per acquired point is really ~0.52 cents, when you factor in the 10% rebate you get when you go to redeem the points, assuming you’re doing so within the above parameters.

Keep in mind that IHG Rewards Club points purchases are processed by points.com, so don’t count as hotel spend for the purposes of your credit card. That means if you buy miles you’ll want to use a card which maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit Card, Starwood Preferred Guest® Credit Card from American Express, or Citi® Double Cash Card.

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET September 26, 2016 12:00 AM ET and 11:59 PM September 30, 2016 inclusive. This is an exclusive, non-transferable offer for intended recipient only and may not be forwarded. Bonus points will be awarded upon completion of the transaction. Bonus points will be awarded to the recipient of the points purchase. Offer is subject to change. Offer cannot be combined with any other offer. Only purchases made online are eligible for bonus.

Price includes all applicable fees. Purchased Points are not refundable and are applicable toward all IHG® Rewards Club awards. Members may purchase a maximum of 60,000 points per calendar year and receive as a gift a maximum of 60,000 points per calendar year. Please allow 24-48 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.

Is it worth buying IHG points with a 100% bonus?

Earlier in the year IHG Rewards Club devalued their award chart, where we saw the cost of free night redemptions at ~400 of IHG’s 5,000+ properties change by 5,000-10,000 points per night. While some properties went down in price, most went up.

Perhaps the worst part is that IHG raised the cost for stays at their top hotels from 50,000 points per night, to a maximum of 60,000 points per night. So that’s pretty unfortunate for those targeting aspirational redemptions.

Still, with a specific use in mind there’s a lot of value to be had. For example, if you’re staying at one of the hotels that costs 60,000 points per night, that’s like paying $345 for a free night, and if you have IHG® Rewards Club Select Credit Card, it’s more like paying ~$310. Given the revenue costs of some of those hotels, that can still be a great value.

I wouldn’t speculatively buy points at this rate just for giggles, but there’s value to be had under the correct circumstances.

InterContinental-London
Redeem 60,000 IHG Rewards Club points at the InterContinental London Park Lane

It can be an especially good value if you’re able to redeem points at a PointBreaks hotel, where you pay only 5,000 points per night. At a rate of 0.575 cents per point, that’s like paying ~$29 per free night, which is an incredible value.

Bottom line

We’ve seen 100% bonuses on purchased IHG points a few times before, and naturally this was a slightly better deal before the devaluation. That being said, there’s still value to be had, given how much some of IHG’s top properties retail for. This is the absolute best price we’ve seen for the purchase of IHG points, so with a specific use in mind I’d consider buying points.

The deal gets even better if you have IHG® Rewards Club Select Credit Card, since you get a further 10% refund on redemptions.

Do you plan on buying IHG Rewards Club points with a 100% bonus?

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Comments

  1. You’d have to get lucky (pun intended) to get anywhere above .6 cents of value. I’ve tried many times to find outsized value with IHG and gave up. So given those low odds I’d say it’s not a great deal. And that assumes you would even value the room at whatever the going rate is. Often there would be a comparable or even nicer off brand hotel for less cash.

  2. Headline says “great deal”. At best it’s an OK deal, but only if used at the highest end properties at peak times(assuming availability).

  3. We just went to Bora Bora and Moorea on points and free IHG credit card certificates and loved it. We want to go back in 2 years but if I buy points now probably in 2 years those properties will cost 100.000 points a night. You cant find a lot of value in the IHG program sadly. Maybe with the Pointsbreaker but good luck trying to find a property that you really want to stay.

  4. This is a bad deal for the most part, unless you are booking properties with high daily rates, or non-VAT countries, or using point breaks properties.

    You will end up overpaying the given cash rate for a hotel for a majority of IHG properties.

  5. I have really good results using IHG points at non-glamorous properties when I’m visiting friends or family rather than going on a fabulous vacation. For example, I’m about to book a long weekend at a Holiday Inn in Austin, TX to visit my sister-in-law. Not a hotel to get excited about, but it’s penciling out to 0.98 cents per point.

  6. I found an interesting way to get a little value from this. I am going to purchase IHG Ambassador status. With this deal I can buy the status for 32,000 points which I can acquire for 184.00 dollars. Saving 16 dollars. @ Ben in the comments section is spot on. Non glamour IHG properties you can get a good value for.

  7. You would have done a better job, Ben, if you mailed your fifty 3″ x 5″ cards for $0.49 each a while back. Those 60,000 IHG points were much better….!

  8. In my opinion, Rewards program by IHG is crap for most of the period. Here is why. Most of the places I have visited and will visit ask for 30,000 or 40,000 points per night. Even if I buy 120,000 IHG Rewards Club points for $690, it means it’s good only for 03 or 04 nights and I end up paying $230 or $172.5 per night. On most occasions, you will get a room at much lower rate.

    So, when is it good? It’s ONLY good if you want to visit a happening place which is in demand at that time. When the rates go crazy over the roof to $280 plus a night. During a holiday season or if you are attending a conference in NY, SF.

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